Description: | The Secretary of HHS, acting through the Administrator of the Health Resources and Services Administration, enters into agreements with schools of nursing for the establishment and operation of student loan funds to increase the number of qualified nursing faculty. The schools make loans from the fund to students who are enrolled full-time in eligible advanced degree nursing programs with education components that will prepare them to teach. Loan recipients who complete the nursing education program may cancel up to 85 percent of the loan in exchange for service as full-time nurse faculty at a school of nursing. |
Eligible Entity(ies): | Eligible applicants are accredited, public or private collegiate schools of nursing located in the U.S. or its territories that offer a master's and/or doctoral degree program in nursing with an education component to prepare students to serve as faculty at a school of nursing. A new program of nursing that is not accredited at the time of submission of a grant application, by reason of an insufficient period of operation, but eligible for accreditation by a recognized body or bodies or State agency, is eligible to apply for funding if the Secretary of Education finds, after consultation with the appropriate accrediting body or bodies, that there is reasonable assurance that the program will meet the accreditation standards of such body or bodies prior to the beginning of the academic year following the normal graduation date of students of the first entering class. Applicants that are "new programs" just beginning the accreditation process and wish to establish eligibility based on the provisions above should contact the Department of Education, Accreditation and State Liaison Unit at 202-219-7011 for further guidance on securing the required determination from the Secretary of Education. |
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